Thermic Fluids Market - Global Industry Analysis, Forecast 2016 – 2024

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Research
Thermic Fluids Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2016 - 2024
Published Date
18-May-2016
195 Page Report
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Press Release
Thermic Fluids Market Anticipated to Reach US$4.17 bn by
2024; Demand Steered by Burgeoning Use in Concentrated
Solar Power : TMR
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Thermic Fluids Market
REPORT DESCRIPTION
Thermic Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 2024
Transparency Market Research has released a new market report titled, “Thermic Fluids Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.” According to the report, the
global thermic fluids market was valued at US$2.25 bn in 2015 and is expected to reach US$4.17 bn by 2024,
expanding at 7.1% CAGR between 2016 and 2024.
Thermic fluids are commonly referred as heat transfer fluids or thermal fluids. Different types of thermic fluids
are hydrocarbon or mineral oil based fluids, silicone based fluids, aromatic fluids, and glycol based fluids.
Major end-use industries of thermic fluids include food & beverages, pharmaceuticals, chemicals, plastics, oil &
gas, concentrated solar power (CSP), and HVAC (heating, ventilation, and air conditioning). CSP is expected
to be fastest growing end-user segment in the global thermic fluid market during the forecast period due to
rising demand for renewable energy. However, volatility in prices of raw materials is likely to hamper thermic
fluids market growth during the forecast period.
Browse the full Thermic Fluids (Silicone & Aromatic Based, Mineral Oils Based, Glycol Based, and
Others) Market for Oil & Gas; Chemical; Concentrated Solar Power (CSP); Food & Beverage; Plastics;
Pharmaceuticals; Heating, Ventilation, and Air Conditioning (HVAC); and Other End-users - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 report at :
http://www.transparencymarketresearch.com/thermic-fluid.html
In terms of revenue, the silicone and aromatic based thermic fluids product segment accounted for the major
share of the global thermic fluids market in 2015. This trend is projected to continue during the forecast period.
Glycol (ethylene and propylene) based thermic fluids is likely to be the fastest growing product segment of the
global thermic fluids market in terms of revenue between 2016 and 2024. The reason being, the best results
shown by this class of thermic fluids at low temperatures.
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Thermic Fluids Market
In terms of volume, the oil & gas end-user segment held more than 20% share of the global thermic fluids
market in 2015 due to the increasing applications of thermic fluids in the oil & gas industry. Thermic fluids are
predominantly used to save and transfer heat energy in the oil & gas industries. CSP was the fastest growing
end-user segment of the thermic fluids market in 2015. Rising demand for molten and aromatic based thermic
fluids is the key factor driving the CSP industry. Europe accounted for the major share of the global thermic
fluids market in 2015 owing to high demand for thermic fluids in various industries in Germany and Spain.
The U.S. FDA approval for usage of food grade thermic fluids in the food & beverages industries is likely to act
as a driver of the thermic fluids market. Furthermore, development of bio-based thermic fluids is anticipated to
provide significant opportunities in the thermic fluids market during the forecast period. Key players in the
thermic fluids market include The Dow Chemical Company, Exxon Mobil, Eastman Chemical Company, British
Petroleum, Shell, BASF SE, Dynalene, Inc., Paratherm Corporation, Multitherm LLC, and Kost USA, Inc.
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The global thermic fluids market has been segmented as follows:
Thermic Fluids Market - Product Segment Analysis
•
Silicone and Aromatic Based Thermic Fluids
•
Mineral Oils Based Thermic Fluids
•
Glycol (ethylene and propylene) Based Thermic Fluids
•
Others (Including molten salts, HFPE thermic fluids, etc.)
Thermic Fluids Market - End-user Analysis
•
Oil & Gas
•
Chemical
•
Concentrated Solar Power (CSP)
•
Food & Beverages
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Thermic Fluids Market
•
Plastics
•
Pharmaceuticals
•
Heating, Ventilation, and Air Conditioning (HVAC)
•
Others (Including transport, biodiesel, waste heat recovery, etc.)
Thermic Fluids Market - Regional Analysis
North America
•
U.S.
•
Rest of North America
Europe
•
France
•
U.K.
•
Spain
•
Germany
•
Italy
•
Rest of Europe
Asia Pacific
•
China
•
Japan
•
ASEAN
•
Rest of Asia Pacific
Latin America
•
Brazil
•
Rest of Latin America
Middle East & Africa (MEA)
•
GCC
•
South Africa
•
Rest of MEA
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Thermic Fluids Market
Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/thermic-fluid.htm
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Assumptions
1.4 Market Segmentation
1.5 Research Methodology
Chapter 2 Executive Summary
2.1 Global Thermic fluids Market, 2014 - 2024, (Kilo Tons) (US$ Mn)
2.2 Thermic fluids: Market Snapshot
Chapter 3 Thermic fluids Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growing Concentrated Solar Power (CSP) Production
3.3.2 Advantages of Thermal Fluid Systems Over Steam Systems
3.3.3 FDA Approval for Food Grade Thermic Fluids
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3.4 Restraints
3.4.1 Volatile Raw Material Prices
3.5 Opportunity
3.5.1 Increase in Production of Bio-based Thermic Fluids
3.5.2 Growth of Major End-Use Industries In Asia Pacific
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Global Thermic fluids Market Attractiveness, by End-user, 2014
3.8 Global Thermic fluids Market Attractiveness, by Country, 2014
Chapter 4 Price Trend Analysis
4.4 Global Average Thermic fluids Price Trend, 2014–2024 (US$/Kg)
Chapter 5 Global Thermic fluids Market - Product Segment Analysis
5.2 Global Thermic fluids Market: Product Segment Overview
5.2 Global Thermic fluids Market for Silicone and Aromatic Based Thermic Fluid, 2014–2024 (Kilo Tons) (US$
Mn)
5.3 Global Thermic fluids Market for Mineral Oils Based Thermic Fluid, 2014–2024 (Kilo Tons) (US$ Mn)
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5.4 Global Thermic fluids Market for Glycol (Ethylene and Propylene) Based Thermic Fluid, 2014–2024 (Kilo
Tons) (US$ Mn)
5.5 Global Thermic fluids Market for Other (Including Molten Salts & HFPE Thermic Fluids, Etc.), 2014–2024
(Kilo Tons) (US$ Mn)
Chapter 6 Global Thermic fluids Market – End-user Analysis
6.1 Global Thermic fluids Market: End-user Overview
6.2 Global Thermic fluids Market for Chemical Industry, 2014–2024 (Kilo Tons) (US$ Mn)
6.3 Global Thermic fluids Market for Concentrated Solar Power (CSP), 2014–2024 (Kilo Tons) (US$ Mn)
6.4 Global Thermic fluids Market for Food and Beverage, 2014–2024 (Kilo Tons) (US$ Mn)
6.5 Global Thermic fluids Market for Plastics, 2014–2024 (Kilo Tons) (US$ Mn)
6.6 Global Thermic fluids Market for Pharmaceuticals, 2014–2024 (Kilo Tons) (US$ Mn)
6.7 Global Thermic fluids Market for Heating, Ventilation and Air Conditioning (HVAC), 2014–2024 (Kilo Tons)
(US$ Mn)
6.8 Global Thermic fluids Market for Others (Including Transport, Biodiesel, Waste Heat Recovery, etc.), 2014–
2024 (Kilo Tons) (US$ Mn)
Chapter 7 Global Thermic fluids Market - Regional Analysis
7.1 Global Thermic fluids Market: Regional Overview
7.2 North America Thermic fluids Market, 2014 and 2024
7.2.1 North America Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.2.2 North America Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.2.3 North America Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
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7.2.4 North America Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.2.5 U.S. Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.2.6 U.S. Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.2.7 U.S. Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.2.8 U.S. Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.2.9 Rest of North America Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.2.10 Rest of North America Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.2.11 Rest of North America Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.2.12 Rest of North America Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3 Europe Thermic fluids Market, 2014 and 2024
7.3.1 Europe Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.2 Europe Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.3.3 Europe Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.4 Europe Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3.5 France Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.6 France Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.3.7 France Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.8 France Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3.9 UK Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.10 UK Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
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7.3.11 UK Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.12 UK Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3.13 Spain Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.14 Spain Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.3.15 Spain Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.16 Spain Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3.17 Germany Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.18 Germany Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.3.19 Germany Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.20 Germany Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3.21 Italy Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.22 Italy Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.3.23 Italy Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.24 Italy Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.3.25 Rest of Europe Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.3.26 Rest of Europe Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.3.27 Rest of Europe Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.3.28 Rest of Europe Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.4 Asia Pacific (APAC) Thermic fluids Market, 2014 and 2024
7.4.1 Asia Pacific Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
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7.4.2 Asia Pacific Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.4.3 Asia Pacific Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.4.4 Asia Pacific Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.4.5 China Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.4.6 China Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.4.7 China Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.4.8 China Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.4.9 Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.4.10 Japan Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.4.11 Japan Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.4.12 Japan Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.4.21 ASEAN Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.4.22 ASEAN Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.4.23 ASEAN Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.4.24 ASEAN Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.4.25 Rest of APAC Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.4.26 Rest of APAC Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.4.27 Rest of APAC Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.4.28 Rest of APAC Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.5 Latin America (LA) Thermic fluids Market, 2014 and 2024
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7.5.1 Latin America Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.5.2 Latin America Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.5.3 Latin America Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.5.4 Latin America Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.5.5 Brazil Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.5.6 Brazil Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.5.7 Brazil Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.5.8 Brazil Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.5.9 Rest of LA Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.5.10 Rest of LA Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.5.11 Rest of LA Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.5.12 Rest of LA Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.6 Middle East & Africa (MEA) Thermic fluids Market, 2014 and 2024
7.6.1 Middle East & Africa Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.6.2 Middle East & Africa Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.6.3 Middle East & Africa Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.6.4 Middle East & Africa Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.6.5 GCC Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.6.6 GCC Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.6.7 GCC Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
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7.6.8 GCC Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.6.9 South Africa Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo Tons)
7.6.10 South Africa Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$ Mn)
7.6.11 South Africa Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.6.12 South Africa Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
7.6.13 Rest of Middle East & Africa Thermic fluids Market Volume, by Product Segment, 2014–2024 (Kilo
Tons)
7.6.14 Rest of Middle East & Africa Thermic fluids Market Revenue, by Product Segment, 2014–2024 (US$
Mn)
7.6.15 Rest of Middle East & Africa Thermic fluids Market Volume, by End-user, 2014–2024 (Kilo Tons)
7.6.16 Rest of Middle East & Africa Thermic fluids Market Revenue, by End-user, 2014–2024 (US$ Mn)
Chapter 8 Company Profiles
8.1 Dow Chemical Company
8.2 Exxon Mobil
8.3 Eastman Chemical Company
8.4 British Petroleum
8.5 Shell
8.6 BASF SE
8.7 Dynalene Inc.
8.8 Paratherm Corporation
8.9 Multitherm LLC.
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8.10 Kost U.S.A Inc.
Chapter 9 Primary Research - Key Findings
Chapter 10 List of Key Customers
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Thermic Fluids Market is anticipated to reach US$4.17 bn by 2024, thermic fluids are commonly referred as heat transfer fluids or thermal fluids. Global market for thermic fluids expanding at 7.1% CAGR from 2016 to 2024